A股苹果概念股持续走低，东山精密连续4个交易日跌停，歌尔股份、工业富联、领益智造、鹏鼎控 股、立讯精密等跟跌。 ...

（原标题：同花顺果指数概念下跌5.68%，10股主力资金净流出超亿元） 截至4月8日收盘，同花顺果指数概念下跌5.68%，位居概念板块跌幅榜前列，板块内，东山精密、领益智造、赛腾股份等跌停，水晶光电、环旭 电子、立讯精密等跌幅居前，股价上涨的有2只，涨幅居前的有长盈精密、珠海冠宇等，分别上涨1.82%、0.58%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 玉米 | | 11.74 同花顺果指数 | -5.68 | | 转基因 | | 11.27 一体化压铸 | -3.69 | | 粮食概念 | 9.70 | 共享单车 | -3.50 | | 大豆 | 9.23 | AI PC | -2.87 | | 养鸡 | 8.93 | 无线耳机 | -2.66 | | 乳业 | 8.28 | 无线充电 | -2.62 | | 猪肉 | 7.80 | 智能音箱 | -2.49 | | 农业种植 | 7.70 | F5G概念 | -2.44 | | 供销社 | 6.78 | ST板块 | -2.18 | | 动物疫苗 ...

| 证券代码：002600 | 证券简称：领益智造 公告编号：2025-033 | | --- | --- | | 债券代码：127107 | 债券简称：领益转债 | 广东领益智造股份有限公司 关于实际控制人、董事长提议回购公司股份的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 广东领益智造股份有限公司（以下简称"公司"）于 2025 年 4 月 8 日收到公 司实际控制人、董事长曾芳勤女士出具的《关于提议广东领益智造股份有限公司 回购公司股份的函》，现将具体情况公告如下： 2、回购股份的用途：可用于减少公司注册资本、股权激励或者员工持股计 划等，具体用途由公司董事会依据相关法律法规确定； 一、提议人的基本情况及提议时间 1、提议人：公司实际控制人、董事长曾芳勤女士； 2、截至本公告日，曾芳勤女士直接持有公司股份 144,536,846 股，占目前公 司总股本的 2.06%；通过领胜投资（江苏）有限公司间接持有 4,139,524,021 股， 占目前公司总股本的59.07%。曾芳勤女士直接和间接合计持有公司4,284,060,867 股，占目前 ...

Core Viewpoint - The recent announcement by the U.S. to impose "reciprocal tariffs" has led to a decline in Apple’s stock price and affected the A-share consumer electronics sector, with Apple being one of the most impacted importers due to its reliance on Chinese suppliers [1][5]. Group 1: Impact on Supply Chain Companies - Luxshare Precision (立讯精密) stated that it has limited exposure to the new tariffs due to its FOB pricing model, where the importer (customer) bears the tariff costs [1][3]. - Lens Technology (蓝思科技) reported that the tariff changes would have a minimal impact on its overall operations, as 58.63% of its revenue comes from overseas, with most exports routed through bonded zones to avoid tariff fluctuations [2][4]. - Lianyi Intelligent Manufacturing (领益智造) emphasized its global production layout to mitigate international trade uncertainties, stating that its products do not directly export from China to the U.S. [3][4]. - Zhuhai Coslight (珠海冠宇) indicated that its direct exports to the U.S. are minimal, and it is actively working on establishing overseas production bases to further reduce tariff impacts [4]. Group 2: Apple's Strategic Challenges - Apple faces a difficult decision regarding how to handle the increased costs from tariffs, whether to absorb them, pass them on to consumers, or distribute them across the supply chain [5][6]. - Morgan Stanley estimates that the tariffs could increase Apple's annual costs by approximately $8.5 billion, which may lead to price hikes for products like the iPhone [5][6]. - The reliance on Chinese and Indian assembly for iPhones means that Apple may struggle to significantly expand production in other regions in the short term, potentially leading to price increases for the iPhone 17 series [6].

Financial Performance - In 2024, the company achieved a revenue of CNY 44.211 billion, representing a year-on-year growth of 29.56% [2][4] - The net profit attributable to shareholders was CNY 1.753 billion, with operating cash flow of CNY 4.021 billion [4] - AI terminal hardware-related business revenue reached approximately CNY 40.731 billion, growing by 32.75% year-on-year [5][7] Business Transformation and Strategy - The company successfully transitioned from a product manufacturing expert to a solution provider, becoming a global leader in AI terminal hardware manufacturing [2] - For 2025, the strategic focus is on "strategic determination and solid foundation," emphasizing innovation and international development [2][16] - The company aims to enhance its core competitiveness by creating an integrated smart manufacturing platform that combines lean, digital, automated, and green practices [3][16] Market Expansion and Product Development - The company is expanding its overseas market presence and enhancing profitability, with 58 production and service locations globally [13] - In the AI terminal sector, significant progress was made in areas such as AI glasses, XR wearables, and thermal management solutions [5][6][9] - The imaging display business saw a revenue increase of 103.32%, reaching CNY 11.270 billion in 2024 [5] Robotics and Automation - The company has been actively investing in automation and robotics, particularly in humanoid robots, with over 400 patents accumulated [9][10] - The product layout includes core technologies for servo motors, reducers, and controllers, aiming to become a manufacturer of complete robotic systems [10][12] Industry Outlook - The AI terminal market is expected to focus more on application scenarios, solutions, and service integration, with new terminal forms emerging rapidly [14] - The integration of AI technology in consumer electronics is anticipated to drive innovation and a new wave of product upgrades [6][14]

Overview of the Transaction - The company plans to issue convertible bonds and pay cash to acquire a 66.46% stake in Jiangsu Kedastern Automotive Technology Co., Ltd. from eight specific investors, making Jiangsu Kedastern a subsidiary of the company [3][5]. Fundraising Details - The company intends to raise funds through a private placement of shares to no more than 35 specific investors, with the total amount not exceeding 100% of the transaction price for the convertible bonds [4]. - The funds raised will be used for cash payments in the transaction, tax fees, personnel placement costs, and other merger-related expenses, as well as for Jiangsu Kedastern's ongoing projects and working capital [4]. Progress of the Transaction - As of December 6, 2024, the company held board and supervisory meetings to approve the transaction proposal, with further announcements made on January 4, January 25, and March 4, 2025, regarding the progress of the transaction [6][7]. - The company is actively advancing the transaction, with ongoing audits, evaluations, and profit forecasts being conducted [7].

Financial Performance - In 2024, the company achieved a revenue of CNY 44.211 billion, representing a year-on-year growth of 29.56% [6] - The net profit attributable to shareholders was CNY 1.753 billion, with a significant increase in operating cash flow to CNY 4.021 billion [6][7] - The AI terminal business generated revenue of approximately CNY 40.731 billion, growing by 32.75% year-on-year [8] - The fourth quarter of 2024 saw a record revenue of CNY 12.727 billion, up 34.28% year-on-year, with a net profit of CNY 348 million, marking a 92.20% increase [6][7] Business Segments - The imaging display segment achieved revenue of CNY 11.270 billion, a remarkable growth of 103.32% [9] - The thermal management business reported revenue of CNY 4.107 billion, reflecting a 9.20% increase from CNY 3.761 billion in 2023 [11] - The company is actively involved in the robotics sector, with over 400 patents accumulated and a focus on humanoid robots [15][16] International Expansion - The company operates 58 production and service locations globally, with 8 assembly bases in countries including Turkey, Brazil, India, and the USA [18] - The overseas business is expected to enhance profitability and establish a dual-cycle business model [18] Investor Relations and Returns - In 2024, the company plans to distribute cash dividends totaling CNY 140 million, which accounts for 11.41% of the net profit [21] - Over the three years from 2022 to 2024, the cumulative amount for dividends and share buybacks reached CNY 1.727 billion, representing 31.98% of the net profit [21] Manufacturing and Efficiency - The company implemented lean production initiatives, aiming for a yield target of 98%, with 80% of materials achieving a yield of 98.8% or higher [23] - Revenue per employee increased from CNY 471,700 to CNY 518,400, indicating improved operational efficiency [23]

Investment Rating - The report maintains an "Outperform" rating for the company [1] Core Insights - The company reported a record high revenue in Q4 2024, with total revenue of 44.21 billion yuan, a year-on-year increase of 29.56%, while the net profit attributable to shareholders was 1.75 billion yuan, a decrease of 14.50% [6] - The AI terminal, automotive, and low-altitude economy sectors significantly contributed to revenue growth, with AI terminal revenue reaching 40.73 billion yuan, up 32.75% year-on-year [6] - The company aims to become a leading manufacturer of humanoid robots, entering mass production in 2025, leveraging its core technologies in servo motors and motion controllers [6] - The company is positioned as a one-stop solution provider in the foldable screen market, supplying key components to major clients like Huawei and Xiaomi [6] - The company has become a core supplier for AMD in the server sector, providing cooling and power management solutions [6] - The long-term outlook remains positive, with projected net profits of 2.78 billion yuan for 2025 and 3.41 billion yuan for 2026, with a price-to-earnings ratio of 21 and 17 respectively [6] Financial Data and Profit Forecast - Total revenue is forecasted to grow from 34.12 billion yuan in 2023 to 63.95 billion yuan in 2027, with a compound annual growth rate of approximately 11.3% [5][8] - The net profit attributable to shareholders is expected to increase from 2.05 billion yuan in 2023 to 3.94 billion yuan in 2027, reflecting a significant growth trajectory [5][8] - The company's gross margin is projected to stabilize around 19% by 2027, indicating a focus on maintaining profitability amidst revenue growth [5]

Group 1 - The Tonghuashun Fruit Index concept fell by 6.26%, ranking among the top declines in the concept sector, with stocks like Dongshan Precision, GoerTek, and Pengding Holdings hitting the daily limit down [1][2] - Major outflows of capital from the Tonghuashun Fruit Index concept amounted to 5.13 billion yuan, with 18 stocks experiencing net outflows, and 11 stocks seeing outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Luxshare Precision, with a net outflow of 1.11 billion yuan, followed by GoerTek, Changying Precision, and Dongshan Precision with net outflows of 1.05 billion yuan, 494 million yuan, and 460 million yuan respectively [2] Group 2 - The top gainers in the concept sector included the China-Korea Free Trade Zone, which rose by 5.66%, while the AI PC concept fell by 3.53% [2] - Among the stocks with significant capital inflows, Zhongshi Technology and Lante Optics saw net inflows of 51.18 million yuan and 22.30 million yuan respectively [2] - The performance of the A50 ETF, which tracks the MSCI China A50 Connect Index, showed a decline of 2.15% over the past five days, with a net outflow of 4.36 million yuan [4]

| 证券代码：002600 | 证券简称：领益智造 公告编号：2025-032 | | --- | --- | | 债券代码：127107 | 债券简称：领益转债 | 广东领益智造股份有限公司 关于发行可转换公司债券及支付现金购买资产并募集配套 资金事项的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、广东领益智造股份有限公司（以下简称"公司"）于 2024 年 12 月 7 日披 露的《发行可转换公司债券及支付现金购买资产并募集配套资金预案》及其摘要 中已对本次交易涉及的有关风险因素及尚需履行的审批程序进行了详细说明，公 司将根据相关事项的进展情况，及时履行信息披露义务，提请广大投资者关注后 续进展公告并注意投资风险。 2、截至本公告披露日，除本次交易预案中披露的有关风险因素外，公司尚 未发现可能导致公司董事会或者交易对方撤销、中止本次重组方案或者对本次重 组方案作出实质性变更的相关事项，本次交易工作正在有序进行中。 二、本次交易进展情况 2024 年 12 月 6 日，公司召开第六届董事会第九次会议和第六届监事会第八 次会议，审议 ...